Android business users targeted by mafia-made malware app
"A new malware named 'iBanking' is being used by Russian cybercrime gangs to infiltrate the business and finance sectors.
The tool is one of the most expensive pieces of malware sold on underground markets, according to security company Symantec. Its designer even distributes the virus with a Software as a Service (SaaS) business model.
Creator 'GFF' sells the toolkit complete with updates and support for $5,000 (£3,000), taking a cut of the profits if buyers can’t afford the subscription fee.
iBanking masquerades itself as a legitimate security app, targeting those who use their device to send and store secure information. The first stage of infection usually occurs when a desktop is already infected with a financial Trojan.
When the Trojan detects the user is on a banking website, it sends a pop-up recommending they download iBanking. They are then prompted for their phone number and sent a text with a link to download the app. If for some reason the victim can’t receive the text, the malware offers direct links and even a QR code as alternatives.”
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